3 ms·
it seemed pretty reasonable. but yeah maybe short a year, or short 25% or so. ... this says 116% interest would be required, not 99%. https://www.calculatest
by readonthegoapp 4y ago
it seemed pretty reasonable.
but yeah maybe short a year, or short 25% or so.
... this says 116% interest would be required, not 99%.
https://www.calculatestuff.com/financial/compound-interest-calculator?principal=100000.00&interest_rate=116.000&compound_frequency=1&term=3 https://www.calculatestuff.com/financial/compound-interest-c...
- kevinventullo 4y agoOk let me be more explicit. This part $1,000,000^(1/3) = $100,000^(1/3)(1 + r) This simplifies to: $100 = (1 + r) makes absolutely no sense. The LHS should be not only unitless, but equal to the cube root of 10.
- readonthegoapp 4y agoyep, you right. i didn't pay any attention to the maths, just the outcome. but then i tried to do the maths myself and got hella confused. turns out i was doing "10^1/3" (3.33) in google instead of "10^(1/3)" (1.154). so, that's lame - i guess gpt got confused about how to handle the exponential algebra. so it ends up being something like: $1,000,000 = $100,000(1+r)^3 10 = (1+r)^3 10^(1/3) = (1+r) 2.154 = 1+r 1.154 = r R = 115%